World Shares Are Lower After South Korea's Kospi Hits Records, as Trump Wraps up Beijing Trip
Investors watched Trump-Xi talks and rising oil prices as the index fell 3.2% after topping 8,000 for the first time, analysts said.
- Asian markets retreated Friday, with South Korea's Kospi falling 3.2% to 7,727.34 after hitting an 8,000 record, as investors monitored the U.S.-China summit in Beijing between President Donald Trump and Chinese President Xi Jinping.
- Chinese President Xi Jinping warned President Donald Trump on Thursday that mishandling the Taiwan issue could push their two countries into "clashes and even conflicts," placing "the entire relationship in great jeopardy."
- U.S. markets hit record highs Thursday, with the Dow Jones Industrial Average rising 0.75% to 50,063.46 after Cisco Systems reported strong earnings, while Nvidia rose 4.4% amid hopes for H200 chip sales to Chinese firms.
- Oil prices climbed Friday as investors tracked the Iran war, with Brent crude rising 1.3% to $107.06 per barrel, while the Strait of Hormuz remains largely closed due to a U.S. sea blockade.
- Capital Economics economists Leahy Fahy and Julian Evans-Pritchard advised skepticism regarding new deals, noting that many promises from the 2017 Trump visit failed to materialize as tensions between Washington and Beijing escalated rapidly.
33 Articles
33 Articles
The Toronto Star
World shares are lower after South Korea’s Kospi hits records, as Trump wraps up Beijing trip
HONG KONG (AP) — World shares retreated Friday and South Korea’s Kospi index gave up gains after reaching an all-time high, as investors watch for developments from the Iran war
Associated Press News
Asian stocks are lower after South Korea's Kospi hits records, as Trump wraps up Beijing trip
Asian stocks are mostly lower and South Korea's Kospi has given up gains after reaching an all-time high and crossing the 8,000 mark for the first time.
World shares are lower after South Korea's Kospi hits records, as Trump wraps up Beijing trip
World shares retreated Friday and South Korea’s Kospi index gave up gains after reaching an all-time high, as investors watch for developments from the Iran war and as U.S. President Donald Trump wrapped up his summit in Beijing with Chinese leader Xi Jinping.U.S. futures were down after Wall Street reached fresh records.In early European trading, Britain's FTSE 100 traded 1.2% lower at 24,092.41. France's CAC 40 also fell 1.2% to 7,987.27, whil…
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